What role does job grading play in the compensation benchmarking process?
- It determines the hierarchical structure of jobs within an organization
- It guides in setting annual revenue targets
- It helps in organizing team-building events
- It influences employee engagement strategies
Job grading plays a significant role in compensation benchmarking by determining the hierarchical structure of jobs within an organization. This ensures that roles are appropriately classified, facilitating a fair and consistent approach to compensation.
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